This is a list of banks in China, including mainland China, Hong Kong and Macau.
The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China. The People's Bank of China is mainly responsible for issuing the Renminbi and administering its circulation, in addition to formulating and implementing monetary policy in accordance with Chinese law.[1] Its counterparts in the special administrative regions of Hong Kong and Macau are the Hong Kong Monetary Authority and the Monetary Authority of Macao respectively, both of which serve as their respective locale's currency board and de facto central bank.
Banks in Mainland China
All banks, save the People's Bank of China, are under the supervision of China Banking and Insurance Regulatory Commission.
Policy banks
China has three policy banks. Among them, China Development Bank was incorporated in December 2008 and officially defined by the State Council as a development finance institution in March 2015.[2]
State-owned Commercial Banks
China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. Banks with asterisks (*) are the four major state-owned banks (i.e. the "Big Four" banks).
Bank of Communications was founded in 1908.
Banks in the Special Administrative Regions
Hong Kong
The currency board and de facto central bank[15][16][17] of Hong Kong is Hong Kong Monetary Authority. Banknotes of the Hong Kong Dollar, the official currency of the HKSAR, is issued by Hong Kong Monetary Authority, Bank of China (Hong Kong), HSBC and Standard Chartered Bank (Hong Kong).[18]
See also
- People's Bank of China – the central bank of China
- Cross-Border Inter-Bank Payments System
- List of banks in Hong Kong
- List of banks in Macau
External links
- "Microbanking in China" by Wang Kejin (APEC 2002 report)
References
- Purposes and Functions People's Bank of China, retrieved 2019-02-12^
- About CDB China Development Bank, retrieved 2019-02-12^
- About Post Savings Bank of China Post Savings Bank of China, 2016-03-24, retrieved 2019-02-12^